How to Buy Bitcoin with a Spot Buy

What is a Spot Buy?

A Spot Buy enables you to instantly purchase Bitcoin at the current market price, without waiting for scheduled buys like with Auto-Stack. These single purchases are also called smash buys.

How Do I Make a Spot Buy?

Easily spot buy bitcoin with 3 taps:

  1. Tap the "" on the nav bar to head to your bitcoin buying dashboard IMG_1428.PNG
  2. Choose $ amount of bitcoin to buy
    IMG_1428 2.PNG
  3. Tap "Confirm Purchase"
    Screenshot 2023-12-05 at 12.06.40 PM.jpeg

Note: you must have funds in your Fold Card account in order to purchase bitcoin. See all ways to fund your Fold Card here: How do I add money to my Fold Card account?  

Fees and Spread for Spot Buying Bitcoin

Fees

For Spin+ subscribers, there are no fees for buying bitcoin on Fold. For Spin users, there is a 1.5% fee to purchase bitcoin through a spot buy.

Spread

For all cardholders, we do not add any spread to bitcoin purchases. However, please note that while Fold does not add any spread, liquidity providers may pass along a minimal spread depending on market conditions.

For full fees and spread details, see Fees for buying & withdrawing bitcoin on Fold.

Withdrawing Bitcoin Bought Through Spot Buys

Once you have purchased bitcoin on Fold, you are able to initiate a withdrawal to any wallet immediately.

On the withdrawal page you have the option to scan a QR code to your destination wallet to make your withdrawal easier and more secure.

For full withdrawal steps, see Withdrawing bitcoin bought on Fold.

 

 

For full terms and conditions, please see https://foldapp.com/legal/bitcoin-buying-terms.

 

*All rewards earned and bitcoin purchases are not subject to Federal Deposit Insurance Corporation or Securities Investor Protection Corporation protection.

 

Updated

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